Trump loaned White House campaign $7.5 million as he nears Republican nomination | Reuters

Donald Trump raised $1.7 million from donors and loaned his White House campaign $7.5 million in April as he moved closer to becoming the Republican nominee for president, according to documents filed with the U.S. Federal Election Commission (FEC) on Friday

Reuters May 21, 2016 10:15:07 IST
Trump loaned White House campaign $7.5 million as he nears Republican nomination
| Reuters

Trump loaned White House campaign 75 million as he nears Republican nomination
 Reuters

Donald Trump raised $1.7 million from donors and loaned his White House campaign $7.5 million in April as he moved closer to becoming the Republican nominee for president, according to documents filed with the U.S. Federal Election Commission (FEC) on Friday.

The New York businessman had loaned his campaign a total of $43.5 million as of the end of April, the filings showed. More recently, he has made moves to build up his fundraising operation with an eye toward the Nov. 8 general election.

Trump became the Republican Party's presumptive nominee in early May, when both of his rivals dropped out of the race. Trump self-funded much of his primary run, but he has said he will not rely as heavily on his own money for the general election, when he will face the Democratic nominee.

Both people seeking the Democratic nomination have raised more than Trump.

Hillary Clinton, the party's front-runner, brought in $26.4 million in April, including funds from a joint fundraising effort with the Democratic Party.

An outside Super PAC supporting her campaign raised $8.6 million. A Super PAC is a fund-raising group that must operate separate from political campaigns but can raise unlimited sums.

U.S. Senator Bernie Sanders, Clinton's rival for the Democratic nomination, raised $26.9 million in April. He has disavowed Super PACs. Trump has criticized them too, though a long-time Republican operative in May joined one Super PAC backing the real estate mogul.

In May, Trump hired investor Steven Mnuchin as his national finance chairman and entered a joint fundraising deal with the Republican National Committee that will allow donors to write much bigger checks.

Friday's FEC filings do not reflect these moves, but they show that Trump's fundraising dipped in April, after he brought in about $3 million and loaned himself $11.5 million in March.

He also spent less in April, $9.4 million compared with $13.8 million a month earlier, when more states held nominating contests.

Trump spent $2.6 million on advertising in April, less than half the $6.3 million he spent in March. By comparison, Sanders spent $17.3 million and Clinton spent $9.3 million on advertising in April.

Trump's consulting and payroll spending also dropped about 30 percent to a total $1.7 million in April, even as he added experienced political staff. At the end of March, he hired veteran Republican strategist Paul Manafort.

Trump ended April with $2.4 million on hand, after starting the month with $2.1 million at the ready.

(Reporting by Emily Stephenson and Grant Smith; Editing by Robert Birsel)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

also read

Facebook has known for a year and a half that Instagram is bad for teens despite claiming otherwise
World

Facebook has known for a year and a half that Instagram is bad for teens despite claiming otherwise

Facebook's policy of pursuing profits regardless of documented harm has sparked comparisons to Big Tobacco, which knew in the 1950s that its products were carcinogenic but publicly denied it into the 21st century

Facebook's internal research revealed that Instagram is harmful for teens
News & Analysis

Facebook's internal research revealed that Instagram is harmful for teens

According to Facebook, parents can help by repeatedly talking to their teens about the difference between appearance and reality.

Daughter kidnapped by father reunites with mother after 14 years through Facebook
World

Daughter kidnapped by father reunites with mother after 14 years through Facebook

Their official meeting or reunion took place on Monday (13 September) in Texas, but the two had earlier met at the border last week. They met each other after communicating on social media.